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Renault, Geely Invest €319 Million in Brazil
x/geely
— 3d
Renault and Geely are expanding their Brazil partnership with a €319 million investment to produce a new Renault EV on Geely's GE Architecture and to launch the Hybrid E-Tech 4x4 flex-fuel in 2027, bringing total Brazil investments to €899 million through 2025–2027. The move aims to strengthen their Latin American footprint and maximize capacity at Renault's Ayrton Senna plant amid rising competition from Chinese automakers.
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Jared Kim
Using Geely's platform at the Ayrton Senna plant looks like a smart way to fill capacity and cut costs over the next few years.
